Foundations of Microeconomics

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The Foundations of Microeconomicsby Bade/Parkin, fifth edition shines with a well-targeted content adjustment making this edition one of the most relevent Principles of Microeconomics texts on the market today. The In-text examples, dynamic chapter openers, and applications contain compelling content and real-world issues. We elevatedMyEconLab(MEL) and integrated the story to ensure that it is a more visual feature. This edition capitalizes on the seamless connection between the text and the e-environment to highlight how the authorsrs" emphasis on continuous practice is integrated throughout the entire Bade/Parkin learning system. The fifth edition MyEconLab course and the accompanying print supplements were written in tandem with the textbook.

Robin Bade was an undergraduate at the University of Queensland, Australia, where she earned degrees in mathematics and economics. After a spell teaching high school math and physics, she enrolled in the PhD program at the Australian National University, from which she graduated in 1970. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appeared in the International Economic Review and the Economic Record.

Robin first taught the principles of economics course in 1970 and has taught it (alongside intermediate macroeconomics and international trade and finance) most years since then. She developed many of the ideas found in this text while conducting tutorials with her students at the University of Western Ontario.

Michael Parkin studied economics in England and began his university teaching career immediately after graduating with a BA from the University of Leicester. He learned the subject on the job at the University of Essex, England’s most exciting new university of the 9160s, and at the age of 30 became one of the youngest full professors. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics. His research on macroeconomics, monetary economics, and international economics has resulted in more than 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit, and Banking. He is the author of the best-selling Addison-Wesley textbook, Economics.

Robin and Michael are a wife-and-husband duo. Their most notable joint research created the Bade-Parkin Index of central bank independence and spawned a vast amount of research on that topic. They don’t claim credit for the independence of the new European Central Bank, but its constitution and the movement toward greater independence of central banks around the world were aided by their pioneering work. They are dedicated to the challenge of explaining economics ever more clearly to an ever-growing body of students.

1. Getting Stated2. The U.S. and Global Economies3. The Economic Problem4. Demand and Supply5. Elasticities of Demand and Supply

6. Efficiency and Fairness of Markets7. Government Actions in Markets8. Taxes

9. Global Markets in Action

10. Public Goods and Public Choices11. Externalities and the Environment12. Consumer Choice and Demand

13. Production and Cost14. Perfect Competition15. Monopoly16. Monopolistic Competition17. Oligopoly18. Markets for the Factors of Production19. Inequality and Poverty